DSM tenders Danisco shareholding
Royal DSM, the global Life Sciences and Materials Sciences company, announces that it has tendered its 4.95% stake in Danisco to DuPont. Upon completion of the DuPont offer of DKK 700 per ordinary Danisco share, DSM expects cash proceeds of € 222 million and to report a book profit of € 140 million before tax as an exceptional item.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 22,000 employees deliver annual net sales of about € 9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com
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DSM Corporate CommunicationsHerman Betten
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|DSM Investor Relations
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Source: DSM N.V. via Thomson Reuters ONE